Deja Vu...All Over Again

Thu, Oct 4, 2012 - 10:43am

Shit's gettin' old.

OK, The Bad Guys have been doing their Masters' bidding for three weeks now. Since the introduction of QE∞, the metals have been aggressively capped. Gold has been contained, first below 1780 and, ultimately, 1800. Why? Pull up a long-term chart. Once through 1800, gold will almost immediately press forward to 1850 and then 1900. Silver has been capped, too. The $35 level was defended first but the main target is near 35.50. Once above there, silver will quickly advance toward 37.50.

The Cartel defense of these levels has been consistent and aggravating. But also predictable. I mean, seriously, were you at all surprised by the beatdown earlier this morning? If you were, you haven't been paying attention. First, there was the Globex smackdown of 9/17 followed by similar action the next morning:

We gave it a week and it happened again:

Just three days later, they began attacking during the morning, instead:

The real desperation began this week. Here is Monday:

And Tuesday:

And after taking a break yesterday, they came back again today:

On the bright side, price has since rebounded somewhat while the dollar has continued to slide lower and the London PM fix was again quite busy with new multi-month highs in both $gold and eurogold. The remaining sand is rapidly pouring through the hourglass now and resolution to this seemingly endless capping event is near.

And a heads up. I bought another Dec12 $8 corn call this morning just as I suspected I would earlier this week. I like this chart a lot and we have another crop report due next week (I think). Regardless, a move here through $7.65 should lead to some additional short covering and fresh buying. This should shove corn back toward $7.85 and, once back above there, $8+ will soon follow.

Lastly, just an update on our bullion affiliation with GBI and the Hard Assets Alliance. Though I am still enamored with their platform for buying, storing and even trading metal, I certainly understood the frustration from some regarding their $35 "account setup fee". Apparently they've gotten enough negative feedback now that they've decided to do away with the fee. So, if you haven't already, I invite you to check out the HAA site. Your purchases there help to pay the bills here so please give them your consideration. Thanks!

I hope that everyone has a great day in preparation for what should be a very interesting BLSBS day tomorrow.


About the Author

turd [at] tfmetalsreport [dot] com ()


printmemoney · Oct 4, 2012 - 10:47am
tosser · Oct 4, 2012 - 10:47am



Watcher · Oct 4, 2012 - 10:47am

From Jim Sinclair's siteHi

From Jim Sinclair's site .....

Hi Jim,

I totally agree with both of you that the Euro is an experiment to weed out the bugs for the grand experiment of a NWO currency.

First the US dollar falls from its global reserve currency status. Then regional reserve currencies are put in place to compete equally with the Euro.

This could be 7 regional currencies comprising of:

  1. The Yuan in Asia.
  2. One of the dinars for the Middle East through North Africa
  3. The Russian Ruble for most of the former Soviet Union
  4. The Brazilian Real for South America
  5. The US dollar for North America
  6. The Aussie dollar for the south Pacific through southern Africa
  7. And of course the Euro.

These seven currencies would then meld into one electronic currency that no one can buy or sell lest they have the mark to activate an account.


Dear Rob,



vonburpenstein · Oct 4, 2012 - 10:48am

wasn't even trying...

Top something anyway!

C'mon baby, c'mon

reefman · Oct 4, 2012 - 10:49am

Turd, I just friend-requested you on fb! :) LOL!

Turd, I just friend-requested you on fb! :) LOL! 

chinaussiedoll · Oct 4, 2012 - 10:50am

Surely not!

I am honored! But nowhere near fast enough...I swear it was a blank screen after I read the word of Turd. ..not even in the top three.

StevenBHorse · Oct 4, 2012 - 10:51am

Dollar looks ill......

Time for the pig to go sleep with the fishes. There was a slight chance that today could have held one more positive day for the dollar, but the ECB held their rates pat. So down she goes. For those scared....grow a pair.

I look forward to watching the Coug tomorrow. She is cougarific. 

Long and Strong.

Neigh bitches.

Mr. Fix · Oct 4, 2012 - 10:53am

TA... Freeking... DA !!!

Too cool.



Zoltan · Oct 4, 2012 - 10:55am

Volume on the Charts

Dearest Turd,

Could you please include the volume numbers on your charts in the future? It really is telling and shows the huge number of paper contracts the flying monkeys have to fling at the market in order to do their dirty work. Not that their paw prints aren't all over the charts but the volume just clarifies how they do their thing.

Thanks for everything that you do and this wonderful site.


HeNateMe · Oct 4, 2012 - 11:00am
Mantis · Oct 4, 2012 - 11:00am

Missed chance for number 1

missed my chance to get number one by a few minutes while I was posting at the end of the last thread! Dam. My dream remains. Some day that number one spot will be mine. Oh yes it will be mine.

Shared this at the end of the last thread, a cool search engine that values privacy, well worth everyone checking out (in my very humble opinion)

Terp · Oct 4, 2012 - 11:02am


Yepper Turd,

Next Thursday, Oct 11 is the USDA Supply & Demand report =)

ReachWest · Oct 4, 2012 - 11:03am


Silver looking like a boiling pot, right now - back over $35

Cartel waisted a whole lot of trees with that smack down earlier this AM.

¤ · Oct 4, 2012 - 11:04am

More Deja Vu

Oh well, no one should be surprised at the zig zagging.

I actually like what I'm seeing at the moment. It's looking up to me yes

Enjoy the Denzel Washington movie!

Video unavailable
tobydaniel · Oct 4, 2012 - 11:06am

35 again

The smack down should happen any time now.... Perhaps they are letting off a little because they know tomorrow they will be able to kick the crap out of silver with the BLBS report. 

Terp · Oct 4, 2012 - 11:06am

To kill time...

Ian McAvity Part 1 | McAlvany Commentary

34:29 minutes

robov · Oct 4, 2012 - 11:12am

What Are the Chances of this Happening?

I was thinking on this last night as I looked at the charts. Gold and silver are once again on the verge of a key breakout level. I know things are different this time or should be but of course the Leap Day Massacre id still fresh enough on my memory. The cartel is again massively short and everyone or at least many are awaiting an imminent attack based on the past. Of course everyone here would love to see them overrun. But it would be the first time in history. I can't help but wonder if we don't get the breakout through $1800 and then as usual the crooks pull out all the stops and start the $100 waterfall cascade. I truly want to believe that the demand for physical will out way the paper and that disconnect will happen, but again, it would be a first and it is hard to believe that the cartel would be that dumb or arrogant. Yet why should they be concerned about being able to deliver when your criminal US Government has already made it clear they are standing ready to backstop the Crimex if these crooked banksters get over run. I will remain cautiously optimistic for now.

Patrancus · Oct 4, 2012 - 11:14am

"we've all been here before"

"we've all been here before" it seem to start out with good intentions, did it not?

Crosby Stills Nash & Young Déjà vu
Nana · Oct 4, 2012 - 11:16am

Endless paper

and QE's.....

Dr G · Oct 4, 2012 - 11:17am

I predicted a NY close above

I predicted a NY close above $35. It will happen.

alphamorph · Oct 4, 2012 - 11:18am

My final take on yesterday's dabate

If anyone noticed, Romney tossed a hanky on his podium when he arrived for the debate. Now I know why. It was to clean up after Obama got down on his knees and blew him. (Just to add to all the other compliments he gave Romney during the 'debate'.)

· Oct 4, 2012 - 11:26am

Perfect head and shoulders


And this:

jaw777 · Oct 4, 2012 - 11:26am

response to robov

It is different this time. The overt QE to infinity has changed the game. There will be major beat downs, but only after the metals have risen substantially from here. When the metals get frothy, they will short and get their money. They hit the metals every day and each time the dips are bought. And they will continue to be bought at these levels. It seems like today's buying has been even stronger than the past couple of days. The chart is going to resolve itself in the next couple of days. I give it 80/20 going upward and I have my money on the board.

balz · Oct 4, 2012 - 11:28am

Aggressive capping

I don't recall such an aggressive capping as silver 35$ right now.

· Oct 4, 2012 - 11:29am
Monedas · Oct 4, 2012 - 11:37am

Deja Vu !

Alphamorph .... what a bizarre, tasteless thing to say .... tells us more about you .... I like it ! Deja Vu for this Turder is special days when I get to "shit" twice ! Monedas 1929 Comedy Jihad Romney Did Mop The Floor With Obama .... and the hanky thing .... Tour devil

Dyna mo hum · Oct 4, 2012 - 11:40am


Gore thinks Obama will perform best at sea level. Right?

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